COMPLIANCE ISSUES
Food watchdog wants quick commerce companies to speed with caution FSSAI officials have ramped up surprise audits at dark stores and D2C brands.
03 Jul, 2024, 10.47 AM ISTIBBI introduces electronic forms for monitoring liquidation processes IBBI introduces electronic forms to streamline liquidation, enhancing compliance. From record-keeping to distribution, the forms cover all stages. IPs face a deadline for ongoing cases under the new circular. The initiative aims to boost efficiency ...
30 Jun, 2024, 11.38 PM ISTIndia is witnessing high foreign remittances & FDI inflow: Goyal India's thriving investment appeal is evident with high foreign remittances and FII inflows, while regulatory reforms and sector openings attract global interest. Elon Musk's potential investments in the space and EV sectors signal promising develop...
30 Jun, 2024, 11.29 PM IST- ADVERTISEMENT
Makeover likely to give faceless I-T assessment a friendlier face "It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional for taxpayers. Another official said the idea is to address challenges in its implementation to ease compliance...
26 Jun, 2024, 05.31 AM ISTUS lawmakers questions FDAs drug inspection programme in India and China Three top American lawmakers have raised concerns about the FDA's foreign drug inspection program in India and China. In a letter to FDA Commissioner Robert Califf, they highlighted inconsistencies in inspection outcomes from January 2014 to April 2...
25 Jun, 2024, 07.44 AM ISTNBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth Rao Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NB...
21 Jun, 2024, 05.14 PM ISTUnion Budget 2024: By eliminating exemptions in direct taxes, complexities and litigation costs can be removed The article delves into the historical quirks of taxation, from ancient Egypt to medieval England, highlighting the unique taxes imposed by various rulers. It discusses the current scenario of tax reform anticipation with the upcoming Union budget, ...
21 Jun, 2024, 12.02 PM ISTDPIIT seeks industry inputs to reduce compliances, improve business ease The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh chaired a meeting discussing various initiatives to enhance ease of doing business. These include Jan Vishwas 2.0 aimed at reducing compliance burdens a...
19 Jun, 2024, 08.48 PM ISTAs new ad regime dawns, cos make over 5K avowals Marketers in India have started implementing the self-declaration certificate (SDC) mandate for new ads since June 18. The ministry of information and broadcasting (MIB) directive mandated that all new print, TV, digital, and radio ads must have an ...
19 Jun, 2024, 12.16 AM ISTIBBI proposes compliance procedures for IPs, seeks stakeholder feedback The Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compliance framework to reduce compliance burden on insolvency professionals. The changes aim to reduce the amount o...
12 Jun, 2024, 06.01 PM ISTSuzlon's independent director Marc Desaedeleer resigns citing governance, transparency issues Marc Desaedeleer, an independent director at Suzlon Energy, resigned from the board citing concerns about compliance and transparency. He praised the company's performance but expressed disappointment in governance standards and communication. Desae...
09 Jun, 2024, 10.56 AM ISTClimate change: Cos need some big changes on compliances World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Pr...
06 Jun, 2024, 07.58 AM ISTGoogle's privacy chief to exit Google's chief privacy officer, Keith Enright, is leaving the company this fall after 13 years. The departure is part of a broader reorganization within the privacy teams amid heavy government scrutiny over privacy issues.
05 Jun, 2024, 08.45 AM ISTCBIC issues instructions for initiating early GST recovery The CBIC has authorized Principal Commissioners or Commissioners to demand GST dues within three months of a demand order if necessary for revenue. Generally, recovery starts post the three-month period, but early recovery can be initiated if justif...
02 Jun, 2024, 01.10 PM ISTLesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them? India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour an...
27 May, 2024, 06.30 AM ISTSebi issues framework for verification of market rumours by listed entities The listed entities will now have to follow the industry standards to ensure compliance. Further, the exchanges are advised to bring the contents of this circular to the notice of companies and ensure its compliance. Further, in another circular Seb...
21 May, 2024, 07.36 PM ISTHC quashes penalty order issued to Tata Chemicals and others over 'substandard iodized salt' The Nagpur bench of the Bombay High Court has overturned a 2016 ruling by the Food Safety Appellate Tribunal in Maharashtra's Buldhana, which penalized Tata Chemicals Limited and others for allegedly producing and selling substandard iodized salt. J...
14 May, 2024, 02.33 PM ISTGo Digit IPO commands healthy GMP as Street awaits one of the most sought after issues this year In the unlisted market, the company's shares are commanding a healthy premium of Rs 50 in the unlisted market. The company has priced the IPO in the range of Rs 258-278 per share
13 May, 2024, 02.32 PM ISTGo Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced Go Digit IPO: Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 272 per share.
10 May, 2024, 02.44 PM ISTGo Digit IPO to open on May 15; Virat Kohli, Anushka Sharma not selling shares Go Digit General Insurance's IPO, opening on May 15 and closing on May 17, includes a fresh share issue of Rs 1,125 crore and an OFS of 54,766,392 shares. Promoter Go Digit Infoworks, Virat Kohli, Anushka Sharma offload stakes.
09 May, 2024, 05.17 PM IST